Debbie Rowe Reportedly Offered Deal to Give Up Custody

According to various reports, Debbie Rowe has been offered at least $3 million from Michael Jackson's family if she does not fight for custody of her two biological children with the late music icon, Prince Michael and Paris Jackson, 12 and 11.

"One family member said $3 million, another said $5 million. My guess is that it will be somewhere in between," Jackson family friend Stacy Brown told ABC.

As part of the settlement, Debbie Rowe would get visitation rights to the two kids. Katherine Jackson, the star's mother, will remain the children's legal guardian, as specified in Michael Jackson's last will, written in 2002.

Michael is also father to Prince Michael Jackson II, a.k.a. Blanket, who was born to an unknown surrogate. His parents' identities have never been revealed.

Rowe has not accepted any deal, her attorney says. But numerous reports suggest there are offers on the table and ongoing negotiations.

Another report says the proposed deal would not prevent Michael's father Joe Jackson from seeing the kids, and multiple sources told ABC News that Debbie Rowe is insisting on a clause that prevents him from ever being named guardian.

Debbie Rowe is considering fighting for custody because she felt Katherine was too old to care for them and concern about Joe being around them. [Photo: Fame Pictures]

A custody hearing that had been scheduled for yesterday was recently postponed until July 20. Rowe's attorney says she will attend the hearing.

The New York Post, which reported that Debbie Rowe was to receive about $4 million in a settlement, says the proposed agreement "takes away any rights she has to challenge custody at any given time... this would be it."

It wouldn't be the first time Rowe - who insists she is the biological parents of Paris and Prince despite reports circulating that she is not their mother - was paid for for giving up custody of the children she had with her ex-husband.

In a 2005 hearing - around when Jackson was acquitted on molestation charges - his lawyer says Rowe got "about $4 or $5 million up front," and a mansion in Beverly Hills, plus $900,000 a year for a number of years if she abided by the terms.

ABC says child welfare officials recently interviewed the children at Katherine Jackson's Encino, Calif. home, which is standard in cases such as this.